Parking Garage Bond Financing
At a glance
- What: Financing for the city's new parking garage (tied to the conference center): a $15 million state appropriation accepted September 8, a State of Missouri agreement to reserve 100 spaces approved October 5, and Bill 2026-045, which authorizes Special Obligation Bonds, Series 2026.
- Where it stands: Authorizing ordinance passed October 19, 2026; sale awaits contractor numbers.
- Next: Further readings and a final vote on the bond bill (October 19 agenda; minutes not yet posted).
Actions so far
- September 8, 2026: the consent agenda, approved unanimously, accepted a $15 million State appropriation for the Conference Center and Parking Garage.
- October 5, 2026: Resolution RS2026-37, sponsored by Kampeter and presented by Fitch, authorizes the Mayor and City Clerk to sign an agreement with the State of Missouri reserving 100 parking spaces in the new garage. Kampeter moved, Lester seconded, and it passed 10-0 on roll call.
- October 5, 2026: Bill 2026-045 introduced (authorizing and directing the issuance, sale and delivery of Special Obligation Bonds, Series 2026, and approving related documents). No amounts appear in the minutes.
- Related: the Series 2026 bonds are the pending item on the October 19 agenda; see 2026-10-19 - City Council.
Sources
- Council minutes, September 8, 2026: https://portal.laserfiche.com/Portal/DocView.aspx?id=862207&repo=r-49e9e584
- Council minutes, October 5, 2026: https://portal.laserfiche.com/Portal/DocView.aspx?id=865973&repo=r-49e9e584
- Agenda, October 19, 2026: https://www.jeffersoncitymo.gov/2026-10-19%20agenda.pdf
Log
2026-10-05 - City Council
RS2026-37 (100 reserved State spaces) adopted 10-0. Bill 2026-045 introduced; Piper Sandler presented, bond counsel attended virtually.
2026-09-08 - City Council
Consent agenda accepted the $15 million State appropriation for the Conference Center and Parking Garage.
2026-10-19 - City Council
Bill 2026-045 (Series 2026 special obligation bonds for the parking garage) passed on roll call. The bonds cannot be marketed until construction numbers come back from the general contractor. The underwriter then finalizes the preliminary official statement, the sale takes about a week and closing about a week after that. The ordinance sets interest-rate and price limits that must be met for the sale to proceed.
2026-11-02 - City Council
RS2026-45 introduced: Amendment #5 to the design-build agreement with McCownGordon for the parking garage (dollar amount not found).